Home / Knowledge / News / Apparel/Garments / Clothing trade to burgeon in BRIC countries
Clothing trade to burgeon in BRIC countries
16
Feb '11
Industry experts predict by the year 2050, the BRIC countries - Brazil, Russia, India, and China would become the four major dominating economies. Apparel makers and retailers are intensely focusing on the mass markets of the same.

A.T. Kearney study reveals that the top ten countries of the GRDI 2010 have a diverse mix of small as well as large markets in the nine years history of the index. China ranks first, India; the third, followed by Brazil at sixth, and Russia at the tenth position. (A.T. Kearney Study, 2010 GRDI)

The BRIC countries cover more than 25% of the world's landscape and 40% of the world's population. They are accountable for a combined GDP of 15.435 trillion dollars.

Strong polarization of buyers, positive changes in their income level, changes in their shopping trends, and expectations of the middle, and upper middle class segments to wear branded, and global brands are the positive aspects of these countries.

In today's retail market, growth is not of expanding the business from developed into developing markets, but is about the retailers using their exceptional insights to foresee the countries that are likely to come in the global radar in the near future.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search